XRP Sees Further Gains, Consolidates Third Place in Ranking as Whales Buy Aggressively
The cryptocurrency market started 2025 on the right foot, and the XRP has been riding this wave with remarkable performance. The digital asset has solidified its position as the third largest cryptocurrency in market cap after recording a consistent increase in its price. Currently, XRP has a market cap of $139 billion.
According to market data, XRP experienced a growth of around 1% today, reaching the $2,422 mark. Yesterday the asset recorded a increase in its price by 13% and has come to lead growth among major cryptocurrencies, driven by impressive growth in its trading volume.
Amid the bullish outlook, whales of the token are taking advantage of the potential growth in the coming months to buy more XRP. Amid the recent price surge in the first few days of the year, these large holders bought 360 million XRP, according to data shared by analyst Ali Martinez. “Whales bought 360 million $XRP in the last 48 hours!” he noted.
Source: Santiment/Ali MartinezThis recent movement follows an upward trajectory that has intensified since the beginning of November last year, with a jump of over 16% in the last week alone, rising from approximately US$ 2,112 to current values.
This robust appreciation coincides with a period of widespread optimism in the sector, driven by expectations of favorable political changes for cryptocurrencies. Since Donald Trump’s election as US President in November, XRP has accumulated an impressive gain of over 300%, demonstrating the strength of the positive sentiment that hovers over the market. Speculation surrounding possible regulatory changes and the adoption of more friendly policies for the sector has injected enthusiasm into investors.
One of the factors that has fueled expectations is the possibility of launch of a spot XRP exchange-traded fund (ETF). The idea of an exchange-traded fund that offers direct exposure to the asset has generated a lot of interest, with several companies already showing interest in launching such products.
XRP Heading to $15? Technical Analysis Points to Potential Price Explosion This Cycle
XRP Heading to $15? Ripple's XRP token has been attracting attention among analysts and enthusiasts with ambitious projections. analysis A technique shared by cryptocurrency analyst known as “Bobby A” on the X platform highlighted that XRP could see a significant price increase to $15 during the current cycle.
This prediction is based on an analysis of the token’s previous market cycles, applying extrapolations that are based on percentages and chart pattern analysis to predict potential prices for XRP. The analyst compares XRP’s performance during the 2017 market cycle to its current trajectory. “XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle.”
At the time of publication, the price of XRP was quoted at US$2,41, down 0.3% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VIPBitget VIP Weekly Research Insights
As the new year begins, Solana is leading the market's altcoin rebound, with SOL's price serving as a "leading indicator" for the broader market. Pump.fun, the most prominent project in the Solana ecosystem, generates daily revenue of approximately 15,000 SOL (around $3.3 million), equating to nearly $100 million in monthly revenue. According to the ETF Store President and Bernstein Research analysts, spot Solana ETFs are expected to debut in the U.S. capital markets by the end of 2025, sparking high market expectations for Solana's performance that year.
DOGE PEPE SHIB Price Action: DOGE’s Surge, PEPE Channel, SHIB Rally
DOGE eyes a 160% rally after rejecting key support levels. PEPE’s future hinges on maintaining its trend channel. SHIB nears critical resistance, with a breakout rally imminent.
Tron Struggles at $0.26, but Resilient Investors Hold Steady
Tron remains stable at $0.26 despite Tether’s $1 billion swap. Will resilient investors drive TRX higher, or is a correction looming?
Bitcoin at $13 million and market cap of $280 trillion by 2045, predicts Michael Saylor